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2040 Belmont Way
About This Property
Beyond the entry, a modern open floor plan unfolds, ideal for both daily living and entertaining. The spacious great room flows seamlessly into the kitchen, showcasing crisp white solid-wood cabinetry with crown molding, soft-close doors and drawers, pullouts, gleaming granite countertops and a striking glass tile backsplash. Premium large-format tile flooring extends through the main living areas, complemented by high-quality laminate in the bedrooms ~ no carpet anywhere. Plantation shutters, new designer lighting, ceiling fans, and fresh interior paint enhance the home's refined style.
From the great room, triple French doors open to a stunning backyard oasis featuring a large under-truss porch with tongue-and-groove ceiling, sparkling swimming pool, pavered pool deck, built-in stone fire pit with seating, and a huge newly re-screened lanai, all within a fully fenced backyard.
The owner's suite offers a lovely accent wall, custom walk-in closet, and spa-inspired ensuite with granite-topped vanity, tiled walk-in shower, and Jacuzzi soaking tub. A split floor plan provides two guest bedrooms, one ideal as an in-law suite and a fully updated guest bath. Additional updates include a new roof (2023), upgraded hurricane shutters, and so much more ~ making this exceptional home truly turnkey.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Saddlebrooke of West Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017